No quick fix to impact of China's waste ban that has sucked the profits out of recycling, operators say

Jonathan Underhill
Fri, 01 Jun 2018

By Jonathan Underhill June 1 (BusinessDesk) - Waste Management NZ, the nation's biggest such company, says there isn't a quick fix for the impact of Chinese restrictions on waste imports after the government announced a task force to respond to a move that operators say has sucked the profits out of recycling. "Yes there is a range of options for mid to longer term and we are working on some of these. In the immediate term it will remain a very challenging situation where supply exceeds demand for recyclable commodities," said Tom Nickels...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets FREE
RBA hikes rates by 50 basis points
Ella Somers | Tue, 05 Jul 2022

The RBA’s hike was widely expected to be either in the 25bp or 50bp camp so the decision to go with a 50bp jump didn’t come as a huge surprise.

Kiwis' mental health down during pandemic, says wellbeing survey
Greg Hurrell | Tue, 05 Jul 2022

A Statistics NZ wellbeing survey that was cut short by last year's covid lockdown shows that more than a quarter of the population suffered from poor mental health.

Genesis could extend Huntly's life to post-2040 using biomass
Ian Llewellyn | Tue, 05 Jul 2022

Genesis considers the lifecycle of the Rankine units running on biomass can be extended to 2040 and possibly beyond.

How can Kiwi small business owners manage rising inflation?

Xero MD Craig Hudson says small businesses have been hit with a triple whammy.

Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges